Brazil Economic Activity April 2017

Brazil

Brazil: Economic activity rebounds in April

June 16, 2017

In April, economic activity rose 0.3% from the previous month in seasonally-adjusted terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central). The result notably contrasted March’s 0.4% decrease and met market analysts’ expectations.

On an annual basis, economic activity fell 1.7% in April, which contrasted March’s 0.8% increase. Meanwhile, the trend improved and the annual average variation in economic activity came in at minus 2.7%, which was up from March’s minus 3.0%.

The analysts surveyed for this month’s LatinFocus Consensus Forecast expect the economy to grow 0.4% in 2017, which is down 0.1 percentage points from last month’s estimate. For 2018, the panel of analysts sees GDP rising 2.0%.


Author: Angela Bouzanis, Senior Economist

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